Awards are being handed out in six categories, and Macklemore & Ryan Lewis are eligible for four of them (Artist of the Year, Video of the Year, YouTube Breakthrough, and YouTube Phenomenon). Some of the other nominees: Taylor Swift, Kendrick Lamar, Atoms for Peace, Bat for Lashes, Justin Bieber, Rudimental, and PSY. Actor/musician Jason Schwartzman and comedian/musician Reggie Watts are co-hosting the 90-minute webcast, while filmmaker Spike Jonze plays creative director.

Watch the inaugural YouTube Music Awards by hitting the play button above. And be sure to follow @SPINMagazine on Twitter for on-the-scene reporting — we’re live-tweeting the event straight from NYC’s Pier 36. For a full list of nominees, head here.